St Joseph Healthcare Foundation

Analysis

St Joseph Healthcare Foundation is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Joseph Healthcare Foundation reported income of $13.9m and spending of $42k, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $13.9m (+1229%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 1693%. Over the whole period it spent 0.6% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Joseph Healthcare Foundation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Inly School Inc ($13.9m), Harbor Day Care Center Inc ($13.9m) and Hartfield Academy Inc ($13.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19.1m against liabilities of $90k, net assets of $19.0m.